1st Edition

Cost Accounting and Financial Management for Construction Project Managers

By Len Holm Copyright 2019
300 Pages
by Routledge

300 Pages
by Routledge

300 Pages
by Routledge

Proper cost accounting and financial management are essential elements of any successful construction job, and therefore make up essential skills for construction project managers and project engineers. Many textbooks on the market focus on the theoretical principles of accounting and finance required for head office staff like the chief financial officer (CFO) of a construction firm. This book's... Read more

Preface

  1. Introduction
  2. Accounting Methods
  3. Introduction to Construction Management
  4. Introduction to Estimating
  5. Jobsite General Conditions
  6. Home Office General Conditions
  7. Financial Statements and Financial Ratios
  8. Cost Control
  9. Earned Value Analysis
  10. Activity Based Accounting
  11. Supply Chain Material Management
  12. Equipment Use and Depreciation
  13. Cash Flow
  14. Pay Requests
  15. Accounting for Change Orders
  16. Financial Close-Out of the Construction Project
  17. Lean Construction Practices and Cost Management
  18. Taxes and Audits
  19. Developer’s Pro forma

Appendices:

  • Case Study Description and Exhibits
  • Abbreviations
  • Glossary
  • Index

Biography

Len Holm is a senior lecturer in construction management at the University of Washington, USA, and a construction professional with over 40 years’ experience in various roles, including supervision of project managers, estimators, and jobsite cost accountants. He runs his own construction management firm, has developed and taught several new courses for construction management students at the University of Washington, and is the author of numerous textbooks, including Management of Construction Projects, second edition, with John Schaufelberger, and Introduction to Construction Project Engineering, with Giovanni Migliaccio, also published by Routledge.

"In Cost Accounting for Construction Management, Len Holm successfully peels back the norms of construction project management and weaves in a detailed recipe for better understanding the broader study of construction financial management. By using specific case studies and intuitive exercises, Holm provides a compelling and detailed understanding of the delicate balance between construction cost accounting and project management."

Robert Guymer, Chief Operations Officer – Foushée & Associates Company, Inc